Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 basis points Tuesday to 6.85%, according to Mortgage News Daily, fully erasing the decline from last… Read More »Mortgage rates slingshot higher as tariff uncertainty roils markets
The bourse has set a terrible precedent by being complicit in undermining shareholder democracy. Reckless American overreach isn’t confined to Donald Trump and his tariffs. The management of one of our oldest and largest companies, James Hardie, is also playing its part to damage brand USA. At the heart of… Read More »ASX’s James Hardie waiver is not in the market’s best interests
Even veterans like Ellerston’s Ashok Jacob are having difficulty picking the bottom, as the seesawing in financial markets continues amid extreme volatility. Tariff and trade barbs are flying, financial markets are seesawing and in the short term there is no end in sight to the extreme volatility. This could go… Read More »Severe financial markets instability makes picking the trough elusive
From a “garden variety pullback” to “major crisis”, analysts at RBC Capital Markets are war gaming where the Trump tariff volatility could take Wall Street. It’s a market of extreme volatility. Unsurprisingly, the big question for investors is how far it will go. Should they buy back on the hope… Read More »The four tiers of fear for investors in a market meltdown
Stock futures fell on Tuesday, as investors braced for the rollout of President Donald Trump’s tariffs set to take effect shortly after midnight Wednesday. The S&P 500 was inches away from a bear market, under pressure in recent days from the worst selling since the outbreak of the pandemic in 2020. Futures tied to… Read More »Stock futures fall as tariff fears cause a four-day S&P 500 rout of 12%: Live updates
CNBC’s Jim Cramer said on Monday that although he believes an economic recession is on the horizon, investors should stay the course rather than panic and sell. President Donald Trump’s new tariffs continued to roil stocks on Monday, with the Dow Jones Industrial Average posting a record-high intraday swing of 2,595 points before closing down about 350 points. The S&P 500 closed 0.2% lower,… Read More »Jim Cramer says a recession is likely but investors shouldn’t panic sell
Bond traders expect the Reserve Bank of Australia to deliver three back-to-back interest rate cuts this year amid an escalating trade war that has sent the dollar plunging to its lowest level since the early days of the COVID-19 pandemic. Money markets are now fully priced for a quarter-point easing… Read More »Traders eye up to five RBA rate cuts amid market turmoil
The seeds of this blow-off stretch back beyond Donald Trump. It’s Commonwealth Bank at $160, Pro Medicus soaring to the moon and momentum crushing markets. Mayhem Monday is a day investors will remember for years. The way investors had the weekend to stew on it. The way investors stood back… Read More »Market mayhem ends the ASX’s era of effortless momentum
Investors fear a full-scale trade war sparked by the Trump administration’s sweeping tariffs will plunge the global economy into recession and could wipe more than half a trillion dollars from the Australian sharemarket, which suffered its worst one-day fall since the pandemic. Brokers and investors across the market are increasingly… Read More »Market rout hits $97b and investors fear there are billions more to go
Stock futures rose on Monday evening after the S&P 500 extended its losses for a third day following President Donald Trump’s tariffs announcement. Futures tied to the S&P 500 were 0.9% higher, while Nasdaq-100 futures gained 1.1%. Futures linked to the Dow Jones Industrial Average jumped 450 points, or about 1.2%. The moves come after yet another… Read More »Stock futures rise after S&P 500 posts three-day losing streak amid tariff turmoil: Live updates